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reduction at this is so cool the part of the gods of the deficit reduction in one sentence which would give consumers the ability to opt into it into a government run health insurance plan in the obamacare exchanges bill sponsored congresswoman jan schakowsky said of the bill quote the public option deficit reduction act will give health care consumers more choices and lower their premiums and by providing a low cost alternative to private insurance it would put pressure on all insurers to lower their premiums in order to compete so is in the public option the best way to lower health care costs the united states at no why not we are already at a point where we're looking at a bill to fix a problem that's already been created as we saw law just this week democrats and republicans in the in congress are faced with having to update the mandate because as it stands they're not going to be able to get enough money to fully fund the system that they've already so let's toss the public option in there it's going to be less expense is the ready is forcing or when the make a purchase and it's
reduction at this is so cool the part of the gods of the deficit reduction in one sentence which would give consumers the ability to opt into it into a government run health insurance plan in the obamacare exchanges bill sponsored congresswoman jan schakowsky said of the bill quote the public option deficit reduction act will give health care consumers more choices and lower their premiums and by providing a low cost alternative to private insurance it would put pressure on all insurers to...
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Jan 17, 2013
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impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer retirement than had occurred in 1995. this is a very serious issue. currently the social security retirement is a pay-as-you-go system that provides more annual benefits than the payroll tax collectors. if left alone, this eventually will lead to insolvency particularly with the rapidly increasing number of baby boomers retire in every day as was referred to by maya and louis. there isn't time today nor do i have the proven expertise to suggest specific solutions it's important that the contras and the administration analyze acceptable me
impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer...
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Jan 17, 2013
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what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their motives. and he's not interested in forging bipartisan consensus on the debt, he's interesting in demonizing and dividing republicans and he's going to continue to do that in his second term. >> megyn: why would he be doing that, simon? >> i think it's called politics, megyn. i think what we expect out of our president, just like we expect out the republican party, is for them to fight as hard as they can for the things that they believe in. and to be -- and to make clear about what they believe the other side is doing, too. listen, i listened to rick santorum at the republican convention say that if
what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their...
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Jan 17, 2013
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
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] [applause] [applause] >> former senators kent conrad and judd gregg lead a discussion on debt and deficit issues like it 8:30 a.m. here on c-span 2. at 1:00 p.m. eastern, new immigration legislation, live from the national press club on c-span 2. >> why did you write a book about your experience? >> it was an important part of history. i felt the fdic perspective should be brought to bear. there had been some other accounts of the crisis that i thought were not completely accurate, especially in terms of what we did and what i did so with the was important for a historical record to present our perspective and also, currently, for people to understand that there were different policy choices, a different policy options and disagreements and that if we want to prevent this crisis from happening again, i really felt the public themselves need to engage more in financial reform and educate themselves better and make it an issue with their elected officials. i wanted to make the book accessible and i had recommendations to help them do that. >> the former head of the federal deposit insurance
] [applause] [applause] >> former senators kent conrad and judd gregg lead a discussion on debt and deficit issues like it 8:30 a.m. here on c-span 2. at 1:00 p.m. eastern, new immigration legislation, live from the national press club on c-span 2. >> why did you write a book about your experience? >> it was an important part of history. i felt the fdic perspective should be brought to bear. there had been some other accounts of the crisis that i thought were not completely...
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those problems this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994 was a different year, by the way, then this year, 2013. and the political conditions are quite different because the reality of america is quite different. it is important to look back and think about the fact that in '94, the house, the senate, and the white house were all controlled by democrats. today republicans control just the house as the president likes to constantly remind us. back then president clinton pushed the assault weapons ban as part of a broader crime bill. it was not just an imperious and grabbed, but it was an important piece of legislation, and it was a different time. despite the
those problems this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994...
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Jan 17, 2013
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that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross domestic product. you can see right in the middle of that graph, in 2012, the gross debt of the united states has now reached 104%. why does that matter? the best academic research, a book by rogoff of harvard, reinhard, the university of michigan i think she was when she did the study, look at 200 use of economic history. and concluded once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross...
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Jan 17, 2013
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and let me talk a little bit about the deficit implication. allegedly these guys are saying they want to try to help our debt situation. the debt held by the public is about $10 trillion. that makes the math kind of easy. if we lurch from crisis like this every couple of months, at some point our creditors, the folks who lend ution money, are going to insist on an interest rate premium. suppose it goes up 0.1%, ten basis points. that is equivalent to $10 billion more of debt obligations, and the last time we even bellied up to this debt ceiling debate according to the bipartisan policy center, it cost us about $19 billion over ten years because of the very interest rate affect i'm defining. this is a manufactured crisis mentality with the goal of disparaging government and slashing the heck out of social insurance and spending. make no mistakes about it. >> to jared's point, it does nothing to the deficit. >> it makes it worse. >> it makes it worse. >> paul ryan has never been interested in deficit reduction. if you look at the ryan -- >> hang
and let me talk a little bit about the deficit implication. allegedly these guys are saying they want to try to help our debt situation. the debt held by the public is about $10 trillion. that makes the math kind of easy. if we lurch from crisis like this every couple of months, at some point our creditors, the folks who lend ution money, are going to insist on an interest rate premium. suppose it goes up 0.1%, ten basis points. that is equivalent to $10 billion more of debt obligations, and...
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he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from an important country to exportin
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal...
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Jan 17, 2013
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about the deficit. come on. what? oh, crap. >> stephanie: the only way to fix that is to destroy social security. >> yes. [ explosion ] >> stephanie: it just kills you, because you remember what a great idea it was the public option. >> that's right. >> how many european countries have opted for the american system? oh zero. >> stephanie: that's right. kids, rowland just put 20 seats on sale. oh it's his birthday. it's -- sexy is the code word. it's up on sexy liberal twitter, sexy liberal facebook and we will see you tomorrow before we fly to d.c. we'll see you tomorrow on the "stephanie miller show." ♪
about the deficit. come on. what? oh, crap. >> stephanie: the only way to fix that is to destroy social security. >> yes. [ explosion ] >> stephanie: it just kills you, because you remember what a great idea it was the public option. >> that's right. >> how many european countries have opted for the american system? oh zero. >> stephanie: that's right. kids, rowland just put 20 seats on sale. oh it's his birthday. it's -- sexy is the code word. it's up on...
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did you sense there was a deficit of trust between, say, you and the president early on? in afghanistan? >> if you think of any complex endeavor that you're a part of, and you're going to do it with a team of people, if you don't trust them at the outset, you're going to have to develop trust very quickly. >> and he never chose you in this case. do you think that's the issue? >> i think he was involved. i was chosen by secretary gates, and clearly approved by the president. so i wases his commander. i replaced general mckiran in june of 2010. i think, though, there are a number of things. i think people underestimate the difference between the cultures of the civilian culture and military culture. it's not an opposition. they are just different. so they use different words, different backgrounds. they have a different understanding sometimes of history. plus a new administration comes in, any new administration, doesn't matter which party. and they've got to form a team and they're trying to internally form a team and also trying to form a team with people like dod. i wan
did you sense there was a deficit of trust between, say, you and the president early on? in afghanistan? >> if you think of any complex endeavor that you're a part of, and you're going to do it with a team of people, if you don't trust them at the outset, you're going to have to develop trust very quickly. >> and he never chose you in this case. do you think that's the issue? >> i think he was involved. i was chosen by secretary gates, and clearly approved by the president. so...
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in the morning former senators kent and jeff discuss the debt and deficit reduction. at 1:00 p.m. eastern the national immigration forum hold a news conference focusing on immigration legislation. speaker scheduled to include tom of the u.s. chamber of commerce and carlos. >>> he had been talking about this dream he had. he talked about it for years. the american dream then it become his dream. america will someday realize the principles and the decoration of independence. inhe was inspired by the moment. sunday on after wards he recalls the journey of the civil rights activist participating in the march on washington. part of three dais of booktv this weekend monday featuring authors and books on the inauguration, president obama, and martin luther king, jr. >>> now a look at the agenda for the security and exchange commission. fcc commissioner dan gallagher spoke at the u.s. chamber of commerce for an hour. [inaudible conversations] [inaudible conversations] good afternoon. thank you for joining us. i'm david the president and ceo market here at the u.s. chamber of commerce. the
in the morning former senators kent and jeff discuss the debt and deficit reduction. at 1:00 p.m. eastern the national immigration forum hold a news conference focusing on immigration legislation. speaker scheduled to include tom of the u.s. chamber of commerce and carlos. >>> he had been talking about this dream he had. he talked about it for years. the american dream then it become his dream. america will someday realize the principles and the decoration of independence. inhe was...
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talking about debt, deficit, government spending, 15, 20 years ago when no one was much focused on it here is a chance to take what you learned on the way up, what you learned on the way down. what you learned in congress before, the governorship and apply it to the debate of our time. >>> piers morgan will have an exclusive interview at 10:00 p.m. eastern on cnn. >>> quint se conrad bain, the d different strokes, has died. only one surviving member, willis. >> such a great show. you think of all of the drama cast members had over the years. >> i don't remember. i don't think i was born then. >> that show was a long time ago. >> amazing. >>> still ahead this morning on "starting point," hottest pregnant sri lankan, hottest indian chick. just a document categories in the "qq" hottest women of the millennium issue. we'll talk about that straight ahead. >>> and the girlfriend of notre dame's linebacker manti te'o died, millions came to his side. it was all a hoax. it wasn't caught and why not? mark greenberg and mark schlerath will join me to talk about that, straight ahead. officeyour b
talking about debt, deficit, government spending, 15, 20 years ago when no one was much focused on it here is a chance to take what you learned on the way up, what you learned on the way down. what you learned in congress before, the governorship and apply it to the debate of our time. >>> piers morgan will have an exclusive interview at 10:00 p.m. eastern on cnn. >>> quint se conrad bain, the d different strokes, has died. only one surviving member, willis. >> such a...
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. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that story where he admitted an affair with a woman from argentina back in 2009. >>> look at this, unless you're a little claustrophobic. this oregon woman spent nearly four hours trapped in an eight-inch space between an apartment building and a 20-foot wall. this happened early wednesday morning in downtown portland. apparently she fell from a second floor smoking area and getting her out was not easy. firefighters had to cut through a section of wall and used air bags to widen the space. lieutenant rich chapman is the firefighter who pulled that woman out. >> we were assuring her we were doing everything to g
. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that...
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. >> tomorrow, former senators conrad and grade lead a discussion on deficit issues. we will be live starting at 8:30 a.m. eastern on c-span to. and at 1:00 p.m. eastern, chamber of commerce president thomas downey year -- thomas donahue called for immigration legislation. we will be live from the national press club also on c- span to. -- c-span 2. >> he talked about the dream he had, he talked about for years, the american dream. it had been his dream. and he was in detroit a few months before. he talked about -- i have a dream that america will someday realize its principals in the declaration of independence. so i think he is just inspired by that moment. >> sunday, claiborne carson recalls his journey as a civil- rights activist, participating on the 1963 march on washington. it is part of three days of the tv this weekend, monday featuring authors and books on the inauguration. >> president obama officially launched his effort to reduce gun violence wednesday, calling for action in congress and signing 23 executive orders to deal with the issue. speaking before
. >> tomorrow, former senators conrad and grade lead a discussion on deficit issues. we will be live starting at 8:30 a.m. eastern on c-span to. and at 1:00 p.m. eastern, chamber of commerce president thomas downey year -- thomas donahue called for immigration legislation. we will be live from the national press club also on c- span to. -- c-span 2. >> he talked about the dream he had, he talked about for years, the american dream. it had been his dream. and he was in detroit a few...
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Jan 17, 2013
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you get to pay off our deficit. >> the suze orman show airs saturday night at 9:00 p.m. and 12:00 a.m. eastern. you already knew that. >> we're taking a walk on the wild side with patrick monihan. >> no, kate, don't do it. [ female announcer ] what makes florida's natural orange juice taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported. they're raised right here in florida, and passed with care from our hands to yours. 100% pure. 100% florida. florida's natural. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios waiting for your wrinkle cream to work? neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. to visibly reduce fine lines and wrinkles in just one week. hers hey' to visibly reduce
you get to pay off our deficit. >> the suze orman show airs saturday night at 9:00 p.m. and 12:00 a.m. eastern. you already knew that. >> we're taking a walk on the wild side with patrick monihan. >> no, kate, don't do it. [ female announcer ] what makes florida's natural orange juice taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported....